American Chemistry Council
- Assets
- $166.0m
- Revenue
- $143.3m
- Investments
- $52.2m
- Employees
- 292
- Location
- Washington, DC
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 53-0104410
Organization Overview
American Chemistry Council is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Chemistry Council employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Chemistry Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Chemistry Council generated $143.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $144.8m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Chemistry Council has awarded 59 individual grants totaling $10,349,920. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER BUSINESS VALUE TO ITS MEMBERS THROUGH EXCEPTIONAL ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR DECADES, RESPONSIBLE CARE HAS BEEN THE CORNERSTONE OF OUR INDUSTRY'S COMMITMENT TO PRODUCT SAFETY AND SUSTAINABILITY. IN 2020, ACC INITIATED A STRATEGIC REVIEW OF THE PROGRAM AS PART OF OUR EFFORTS TO CONTINUALLY IMPROVE. AFTER MONTHS OF WORK, THE BOARD APPROVED ENHANCEMENTS TO THE RESPONSIBLE CARE PROCESS SAFETY CODE AND THE RESPONSIBLE CARE SECURITY CODE IN 2021. THE ENHANCED PROCESS SAFETY CODE EMPHASIZES LEADERSHIP, ACCOUNTABILITY AND CULTURE, AND IS AIMED AT DRIVING PERFORMANCE IMPROVEMENT. THE CODE IS ACTION-ORIENTED AND IDENTIFIES EXPECTATIONS FOR BOTH SENIOR LEADERS AND FACILITY LEADERS. IT CALLS ON THEM TO DEMONSTRATE WITH BOTH WORDS AND ACTIONS THE IMPORTANCE OF PROCESS SAFETY. THE ENHANCED RESPONSIBLE CARE SECURITY CODE INCREASES THE EMPHASIS ON CYBERSECURITY AND PROVIDES MORE CLARITY ON EXPECTATIONS AND DESIRED OUTCOMES. NEW MANAGEMENT PRACTICES RELATED TO CRISIS AND EMERGENCY PLANNING HAVE ALSO BEEN ADDED.
ACC HAS LONG SUPPORTED MARKET-BASED CARBON PRICE POLICIES AS PART OF OUR CLIMATE PLATFORM. IN 2021, WE ISSUED A SET OF POLICY RECOMMENDATIONS TO ENABLE DRAMATIC REDUCTIONS IN GHG EMISSIONS. WE CALLED ON CONGRESS TO:-INCREASE GOVERNMENT INVESTMENT AND SCIENTIFIC RESOURCES TO DEVELOP AND DEPLOY LOW EMISSIONS TECHNOLOGIES IN THE MANUFACTURING SECTOR-ADOPT TRANSPARENT, PREDICTABLE, TECHNOLOGY- AND REVENUE-NEUTRAL, MARKET-BASED, ECONOMY-WIDE CARBON PRICE SIGNALS; AND-ENCOURAGE ADOPTIONS OF EMISSIONS-AVOIDING SOLUTIONS AND TECHNOLOGIES THROUGHOUT THE ECONOMY TO ACHIEVE SIGNIFICANT EMISSIONS SAVINGS.SEVERAL OF THE ACC'S CLIMATE POLICY RECOMMENDATIONS WERE INCLUDED IN THE INFRASTRUCTURE INVESTMENT AND JOBS ACT, SIGNED INTO LAW BY PRESIDENT BIDEN IN NOVEMBER 2021
ACC LAUNCHED A NEW FLAGSHIP WEBSITE AIMED AT STREAMLINING AND ORGANIZING IT TO DELIVER WHAT AUDIENCES VALUE MOST. THE EFFORT TO RE-DESIGN AMERICANCHEMISTRY.COM WAS NEARLY TWO YEARS IN THE MAKING. WE HAVE CREATED AN EXTERNALLY FOCUSED SITE THAT NOW HAS A CLEAR, STREAMLINED NAVIGATION, ENABLING USERS TO QUICKLY FIND THE CONTENT THEY ARE LOOKING FOR. THE REDESIGNED SITE SHOWCASES AN INCREASED EMPHASIS ON ADVOCACY, SUSTAINABILITY, AND SAFETY AS WELL AS CLEARLY POSITIONING ACC AS THE STEWARD OF A RESPONSIBLE, SUSTAINABLE, AND VALUABLE INDUSTRY. THE IMPROVED STRUCTURE OF OUR NEW SITE WAS DRIVEN BY DATA AND GEARED TOWARD OUR KEY AUDIENCES INCLUDING: POLICYMAKERS AND THEIR STAFF, REGULATORS, AS WELL AS COMPANIES ACROSS THE CHEMICAL INDUSTRY VALUE CHAIN. OUR STAKEHOLDERS CAN NOW EASILY MANEUVER THROUGH THE SITE TO FIND AND SHARE INFORMATION WHILE EASILY UNDERSTANDING WHAT DRIVES OUR WORK HERE AT ACC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher L Jahn President & CEO | Officer | 38 | $2,016,611 |
Raymond J O'bryan Cfo, Cao, Treasurer | Officer | 38 | $1,425,807 |
Anne W Kolton Evp, S & Mo And Comm | Officer | 38 | $791,326 |
Ralph R Underwood Vp, State Affairs | 38 | $601,576 | |
Ross E Eisenberg Vp, Federal Affairs | 38 | $564,796 | |
Daniel Chebat Sr. Dir, Sales & Marketing | 38 | $539,102 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scito Vation Llc Research | 12/30/21 | $2,179,500 |
Deloitte Consulting Llp Consulting | 12/30/21 | $2,060,000 |
Bcw Llc Consulting | 12/30/21 | $16,990,547 |
Holland & Knight Legal | 12/30/21 | $1,261,173 |
Dow Chemical Company Research | 12/30/21 | $1,940,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $419,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,249 |
| Total Program Service Revenue | $136,490,835 |
| Investment income | $2,691,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $305,576 |
| Net Rental Income | $74,461 |
| Net Gain/Loss on Asset Sales | $2,524,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,285,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,112,587 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,431,406 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,215,649 |
| Pension plan accruals and contributions | $4,374,773 |
| Other employee benefits | $4,338,709 |
| Payroll taxes | $2,691,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,775,205 |
| Fees for services: Accounting | $109,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $288,751 |
| Fees for services: Other | $41,753,489 |
| Advertising and promotion | $608,805 |
| Office expenses | $1,514,458 |
| Information technology | $3,994,448 |
| Royalties | $0 |
| Occupancy | $7,310,986 |
| Travel | $591,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,666,326 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,206,216 |
| Insurance | $371,355 |
| All other expenses | $3,116,530 |
| Total functional expenses | $144,819,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,400,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,335,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,321,399 |
| Net Land, buildings, and equipment | $5,001,235 |
| Investments—publicly traded securities | $81,652,643 |
| Investments—other securities | $52,217,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,029,298 |
| Total assets | $165,957,964 |
| Accounts payable and accrued expenses | $13,926,419 |
| Grants payable | $0 |
| Deferred revenue | $71,297,263 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,389,470 |
| Total liabilities | $94,613,152 |
| Net assets without donor restrictions | $71,344,812 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $165,957,964 |
Grants Awarded
Over the last fiscal year, American Chemistry Council has awarded $3,092,507 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: RESEARCH SUPPORT | $2,190,000 |
SCIPINION LLC PURPOSE: SUPPORT THE CONDUCT OF AN EXPERT PANEL REVIEW | $260,000 |
APPLIED BUILDING TECHNOLOGY GROUP LLC PURPOSE: SUPPORT MARKET OUTREACH AND EDUCATION INITIATIVES | $157,500 |
Washington, DC PURPOSE: SUPPORT FILM AND FLEXIBLES COALITION STEERING COMMITTEE | $150,000 |
Washington, DC PURPOSE: SUPPORT OF THE ENERGY EFFICIENT CODES COALITION PROGRAM | $50,000 |
Los Angeles, CA PURPOSE: SUPPORT OF THE PILOT TRASH REMOVAL PROGRAM | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Chemistry Council has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
American Petroleum Institute Washington, DC PURPOSE: EVENT SPONSORSHIP | $7,500 |
Association Of American Railroads Washington, DC PURPOSE: EVENT SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Sciences Washington, DC | $1,716,496,615 | $311,720,918 |
American Chemistry Council Washington, DC | $165,957,964 | $143,285,597 |
American Association For The Advancement Of Science Washington, DC | $172,653,652 | $112,309,734 |
American Institute Of Physics Incorporated College Park, MD | $265,323,832 | $79,890,854 |
American Physical Society College Park, MD | $294,467,482 | $83,272,367 |
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
Society For Science And The Public Washington, DC | $102,112,945 | $28,541,247 |
National Mining Association Washington, DC | $46,237,284 | $38,836,744 |
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
The Computing Research Association Inc Washington, DC | $7,343,840 | $10,008,552 |